Darkhive announced the closing of a $4 million Seed round led by Crosslink Capital and joined by MVP Ventures, Capital Factory, and existing investor Stellar Ventures. This round of financing will enable Darkhive to accelerate production of both hardware and software product lines in support of high-profile Department of Defense initiatives. In the past year, Darkhive has been awarded contracts totaling nearly $14 million, but collaboration with key strategic investors provides a critical component to the future success of the company.
"We have some hard timelines to hit in 2024 and beyond in order for our products to provide real value at scale to the communities we support," said Darkhive CEO John Goodson, "We're excited to be teamed up with Crosslink and our other partners that joined the round to hit those milestones and deliver for our customers."
Matt Bigge, Partner at Crosslink Capital and Darkhive Board Member, commented "Darkhive represents the future of uncrewed systems. Their open hardware and software architecture enables the first truly scalable, interoperable and cost appropriate approach to US-made drones. Crosslink is excited to work with the Darkhive team to facilitate this strategic architectural approach at a critical time for US National Security."